STORE Capital Corporation (NYSE:STOR) Files An 8-K Other Events
Item 8.01. Other Events.
On February 25, 2019, STORE Capital Corporation (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters listed on Schedule I thereto, in connection with the public offering by the Company of $350 million aggregate principal amount of its 4.625% Senior Notes due 2029 (the “Notes”). The Company intends to use the net proceeds from the offering to repay indebtedness outstanding under its unsecured revolving credit facility, to fund property acquisitions, for working capital and other general corporate purposes, or a combination of the foregoing.
The Underwriting Agreement contains customary representations, warranties and agreements by the Company. Under the terms of the Underwriting Agreement, the Company has agreed to indemnify the underwriters against certain liabilities. The offering of the Notes is expected to close on or about February 28, 2019.
The Notes are being issued to the Company’s shelf registration statement on Form S-3 (Registration No. 333-223206), which became effective upon filing with the Securities and Exchange Commission on February 26, 2018, and a prospectus supplement dated February 25, 2019, as the same may be amended or supplemented.
The summary of the Underwriting Agreement set forth in this Item 8.01 does not purport to be complete and is qualified in its entirety by reference to the text of the Underwriting Agreement, a copy of which is being filed as Exhibit 1.1 hereto and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
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Underwriting Agreement, dated February 25, 2019, by and among STORE Capital Corporation and Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters listed on Schedule I thereto. |
STORE CAPITAL Corp Exhibit
EX-1.1 2 s002697x4_ex1-1.htm EXHIBIT 1.1 Exhibit 1.1 STORE Capital Corporation 4.625% Senior Notes due 2029 Underwriting Agreement February 25,…
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About STORE Capital Corporation (NYSE:STOR)
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) Properties. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states. The Company provides real estate financing solutions principally to businesses that own STORE properties and operate within the broad-based service, retail and industrial sectors of the United States economy. Its customers service various industries, such as automotive parts stores, movie theaters, cold storage facilities, office supplies retailers, discount stores, rental centers, early childhood education, secondary education, furniture stores, supermarkets and entertainment facilities. Its properties’ locations include Texas, Illinois, Georgia, Ohio, Florida, California, Colorado, Arizona and North Carolina.
